This is a Opportunity Freehold Going Concern or Leasehold $420,000 + (gst if any) 13 ground level units 3 Bedroom home. Vendors completely refurbished throughout. Located in the CBD of Dannevrike State Highway 2. Viking Lodge Motell is a consistent income earner enjoys a high occupancy. 2019 income exceeding $24,000 ex gst per unit. With the future looking very sound with large public works about to commence. New 25 year lease.
While NZ was in Lockdown owners refurbished their motel interior and exterior. 16 Ground level units, 11 Studio , 5 One Bedroom units, two units with inter connecting internal doors ideal for large groups, comfortable three bedroom home internal access garage, New 25 year lease, realistic rental, Landlord done all the work just buy and run the business.
This motel complex ticks all the buying boxes:
New to the market - Great location on Kapiti Coast 12 Units 7 Studio, 4 One Bedroom, 1 Two Bedroom 3 Bedroom Home living rooms open onto a private courtyard. With large redevelopment work under construction or proposed within the area the future of this motel business is assured. Vendor has kept the maintenance of the motel complex up to a very high standard.
Modern Contemporay Complex
After 18 years of ownership Vendor say's it's time to move on.. 16 Spacious suites, 8 Studios,+ 6 One Bedroom, 2 Two Bedroom apartments all suites with Air Conditioning, furnished to a very high standard, + Small meeting room, 3 Bedroom family home with 2 Bathrooms. After 16 years of ownership vendors says time to move on.
New to the market don't hesitate enquire today. 12 Unit Motel 6 Studio, 6 One Bedroom located near public hospital on a main thoroughfare into Whanganui. Easy to managed first class presentation thoughout, all chattels owned & near new.
Motel to enter the motel Industry or an extra income Great opportunity for buyers living in the Rangitikei District 6 motel units no deferred maintenance. Comfortable 2 bedroom home open plan living room opening onto a private courtyard. Marton Motel enjoys a constant demand for accommodation.
Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.